Tag: Blockchain

Ethereum 2.0 upgrade has brought more centralization to the blockchain

JPMorgan Chase &. Co. has shed light on how the Ethereum network decentralization has decreased significantly since the Merge event and Shanghai upgrade went live. The rise of staking and centralization Since implementing the Merge and Shanghai upgrades, Ethereum has seen a substantial uptick in staking activities. Staking, a process where users lock up their crypto assets to support network operations, has its merits. According to a CryptoX report citing JPMorgan research, this surge in staking activity comes at a cost: centralization. Traditionally, many in the crypto community prefer decentralized…

Blockchain web hosting: advantages and limitations

Blockchain web hosting could be a promising solution for enhanced data privacy, security, and control. However, it is not without potential drawbacks. The emergence of blockchain technology has sparked the development of web3, also known as the “semantic web.” Web3 aims to incorporate blockchain technology, artificial intelligence (AI), and machine learning (ML) to create a permissionless, trustless, smarter, and more responsive Internet experience. It means users could interact without intermediaries or authorization from governing bodies. Furthermore, the new web could make it possible to integrate newer, more immersive, and inclusive…

What is finality in blockchain, and why does it matter?

Understanding finality in blockchain Finality in blockchain refers to the unchangeable confirmation of a transaction or a block of transactions. In conventional financial systems, once a transaction is confirmed, it cannot be undone. Similarly, attaining finality on a blockchain network ensures that a transaction is permanent and cannot be modified after it has been added to the blockchain. For the blockchain to be secure and authentic, this concept is crucial. Finality is attained by the blockchain network’s use of consensus. Different blockchain networks employ various consensus algorithms, each with a…

Worldwide Digital Asset-Based ETP AUM Remains 53% Ahead YTD Despite Quarterly Drop – Blockchain News, Opinion, TV and Jobs

Fineqia International, a leading digital asset and fintech investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral, revealed a 53% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid continued interest by investors. On a quarterly basis, the total AUM dropped 13% in Q3, after growing 67% and 5% in Q1 and Q2 respectively. Year-to-date, total AUM shows a premium growth of 18% compared to the underlying value of digital assets, which grew slower at 45%. In…

OKX exec says KYC will ‘raise the bar,’ bring real capital into crypto: Blockchain Economy Dubai 2023

While some areas of the crypto space focus on privacy and anonymity, others focus on raising the standards within the space and on bringing in traditional players and more capital in the world of digital assets.  At the recent Blockchain Economy Summit held in Dubai, Cointelegraph spoke with Lennix Lai, the global chief commercial officer at crypto exchange OKX. During the interview, the executive discussed several topics, including the differences between working in traditional finance and crypto, how OKX handled the wave of exchanges implementing mandatory Know Your Customer (KYC)…

CMCC Global’s Titan Fund Secures $100M for Asian Blockchain Ventures

Titan Fund, which is managed by CMCC Global, has closed its inaugural investment round on October 4, raising $100 million with the involvement of over 30 investors. Among the prominent investors are the blockchain startup Block.one, the Pacific Century Group, owned by Hong Kong business magnate Richard Li, Winklevoss Capital, Jebsen Capital, and Yat Siu, creator of Animoca Brands. The financing comes at a time when the cryptocurrency industry is facing a financial crisis as a direct result of a string of failures that occurred in the previous year, one…

Dutch Crypto Firms Secure Legal Victory Against $2.3 Million Regulatory Bill – Blockchain News, Opinion, TV and Jobs

In a significant legal development, Dutch crypto companies, including Bitvavo and Coinmerce, the successor to Binance, have emerged victorious in their battle against a substantial $2.3 million fee levied by Dutch regulators. A Rotterdam court ruled that the Dutch central bank (DNB) overstepped its legal authority by imposing charges on these companies for anti-money laundering registration. The court’s verdict, handed down on Wednesday, declared that the DNB’s assessment of registration requests went beyond the scope of the registration obligation mandated for crypto service providers by European Union anti-money laundering regulations.…

Hong Kong’s CMCC Global Launches $100M to Support Blockchain Startups

The launch of the VC fund in Hong Kong highlights the country’s rising role as a crypto haven. CMCC Global, a crypto-focused venture capital (VC) company, has successfully raised $100 million to offer equity investments to early-stage blockchain startups across Asia with a particular interest in Hong Kong, its home country. In an interview with the South China Morning Post, the company’s co-founder Martin Baumann said the inaugural funding round for the fund, called Titan Fund, concluded on October 4. The round saw participation from more than 30 investors, including…

Blockchain key to verifying authenticity of real-world media

Decentralized network provider Nodle is working with the likes of Adobe and the Linux Foundation to use blockchain technology to prove the authenticity of real-world content captured by devices. In correspondence with Cointelegraph, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit for its ContentSign solution that will look to prove the integrity of data from its moment of capture using blockchain. Nodle is bringing ContentSign to the Content Authenticity Initiative, a project it has joined that is being led by Adobe and Linux Foundation to create a…

Blockchain key to verifying authenticity of real-world media — Nodle

Decentralized infrastructure network provider Nodle is working with the likes of Adobe and the Linux Foundation to use blockchain technology to prove the authenticity of real-world content captured by devices. In correspondence with Cryptox, Nodle co-founder Garrett Kinsman outlined the firm’s upcoming software development kit (SDK) for its ContentSign solution that will look to prove the integrity of data from its moment of capture using blockchain. Nodle is bringing ContentSign to the Content Authenticity Initiative, a project led by Adobe and the Linux Foundation, to create a future standard for…